Q: Suppose that the actual demand for regular apartments at the $500,000 profit margin, DR, is such that the Stargrove realized a profit of $500,000 from selling regular apartments to the real estate investment company at the salvage profit margin of $100,000 per apartment. How much profit, in $ millions, did the Stargrove earn from the sales of the remaining regular apartments at the $500,000 profit margin for the same realization of demand DR? Choose the closest from the answers below.
or
Q: Assume that sales of normal flats to the real estate investment business at the salvage profit margin of $100,000 per unit resulted in a profit of $500,000 for Stargrove due to the actual demand for regular apartments at the $500,000 profit margin, DR. At the $500,000 profit margin for the same demand DR realization, how much money, in millions, did Stargrove make from the sale of the remaining standard apartments? From the following responses, select the one that is closest.
- 46.2
- 46
- 46.5
- 45.5
- 45
- 45.2
Explanation: The total profit is $45.5 million, and the closest answer from the provided options is 45.5 million.
